March 15, 2019

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Format For Mobile Device



Law:

Willkie Farr co-chair placed on leave after he’s charged in college cheating case Willkie Farr Co-Chair Placed On Leave in College Scandal
(DBN)

Avenatti Firm Bankruptcy Case Dumped by Judge After Six Days Michael Avenatti Faces More Questions About Law Firm’s Bankruptcy Avenatti firm's bankruptcy petition is rejected by judge Judge Tosses Avenatti’s Second Bankruptcy Filing, Orders Him to Explain ‘What Was on His Mind’
(DBN)

This BigLaw firm now allows jeans any day of the week
(DBN)

UK: Windfall for DWF partners as firm floats
(DBN)

Armstrong Teasdale Nudges Revenue Higher Amid East Coast Debut
(DBN)

Southern Poverty Law Center fires co-founder Morris Dees Southern Poverty Law Center fires co-founder Morris Dees
(DBN)

Sometimes You Have To Lose Before You Make To The Top Of The Biglaw Heap
(DBN)

Biglaw Offer Rates For Law School Student Recruitment Reaches Historic Highs
(DBN)

Law Students Living Off Credit Cards After Law School Goes Belly Up
(DBN)

JD enrollment for 2019 on pace for another modest increase but slight quality decline
(DBN)

This Western State Law Student Has Experienced A ‘Double Whammy’
(DBN)

When Life Gives You Broken Elevators, Make Bad Puns
(DBN)

Law School Rankings Aren’t All That For Prospective Students
(DBN)

Transatlantic Biglaw Merger Plan Enters Home Stretch Email reveals decision on Allen & Overy and O’Melveny & Myers transatlantic mega-merger due in ‘coming weeks’
(DBN)

Associate offer rates reach record high; how do 2Ls pick law firms?
(DBN)

This Western State Law Student Has Experienced A ‘Double Whammy’
(DBN)

Anatomy of a botched USNWR law ranking leak
(DBN)

Students Demand To Review Tenure Of Conservative Professor Over NY Times Op-Ed
(DBN)

NALP: Perspectives On 2018 Law Student Recruiting
(DBN)

Senate Committee Approves Bill Authorizing Florida State To Remove Name Of Avowed Segregationist From Main Law School Building
(DBN)

House Votes 420-0 to Make Mueller Report Public Top Mueller Deputy Stepping Down Roger Stone's Trial Set for November Trump Gives Different Answer to Manafort Pardon Question Now That Sentencing Is Done Trump World's New York state legal problems hit home Here’s How Much Prison Time Manafort Could Face if Convicted on New State Charges Can Manhattan D.A. Cy Vance Flip Manafort After Mueller Failed? New Docs Reveal Trey Gowdy's F-Bomb Filled Grilling of Fired FBI Agent Peter Strzok ‘No Exception for Awkward’: Judge Tells Stone and His Lawyers What’s What, Sets Trial Date Legal Experts: SDNY May Be Investigating Trump Obstruction After ‘Friends in High Places’ Email “Sleep Well”: Cohen Attorney Conveyed Alleged Message From Giuliani To Rest Assured Because He Had “Friends In High Places” Did Manafort Play Mueller?
(DBN)

NY AG: Trump Misused Charity
(DBN)

Senate GOP Delivers Blow to Border Emergency Trump tweets "VETO!" after 12 Senate Republicans vote against national emergency
(DBN)

Watergate Journalist: Trump Is ‘Dangling Pardons’ Like Something Out of ‘The Godfather’
(DBN)

Lawsuit Filed Against Trump Claims Border Wall Will Desecrate Native American Resting Places Texas Landowner Sues Over Trump's Wall
(DBN)

ICE Accused of Illegally Detaining Young Children
(DBN)

Trump May Send Volunteer Force to Border
(DBN)

‘Apprentice’ contestant’s suit against Trump can proceed without delay, appeals court rules ‘No One Is Above the Law’: Court of Appeals Says Trump Must Face Lawsuit from Accuser New York court to allow defamation suit against Trump to proceed
(DBN)

Remington can be sued over marketing of rifle used in Sandy Hook shooting
(DBN)

Cops: Florida Man Brought AK-47 to Son’s School After Teacher Allegedly ‘Slammed’ the Child
(DBN)

I’m Starting To Think George Conway Might Not Like Donald Trump
(DBN)

Flipping the bird is protected by First Amendment, federal appeals court says in cop-stop case
(DBN)

‘Proven Innocent’ proves stale but prompts a discussion about lawyers with criminal histories
(DBN)

FactCheck: California has ‘largest death row in the Western Hemisphere’ California is one of 11 states that have the death penalty but haven’t used it in more than a decade
(DBN)

Driver Shoots At Woman in Road Rage Case
(DBN)

‘No Fairness in Massachusetts’: Aaron Hernandez Attorney Rips Court for Reinstating Conviction
(DBN)

Ratings Tank for First ‘Empire’ Since Jussie Smollett Arrest Smollett maintains innocence
(DBN)

Lawyer given 148 lashes for defending female protesters
(DBN)

Fisherman indicted for cheating at bass tournament
(DBN)

How Marathon Running Has Made Me a Better Lawyer
(DBN)

The Bankruptcy Attorney Who Wasn't Michael Taylor
(DBN)

Former law student accused of stalking top government lawyer after he refused to marry her
(DBN)

______________

Judges:

BK IN SD Seeks Career Law Clerk
(DBN)

5th Circuit took my statements out of context, federal judge says in opinion
(DBN)

Trump has filled 1 in 5 appellate judgeships now that Neomi Rao has been confirmed to DC Circuit
(DBN)

Judge Uses Brett Kavanaugh to Pile on Trump in Summer Zervos Decision
(DBN)

Liberals Keep Narrow Window to Win After Supreme Court Makeover
(DBN)

______________

Wall Street:

Stock futures rise on renewed U.S.-China trade hopes
(DBN)

U.S. stocks close mostly lower on jitters over trade-deal delay, weak Chinese data
(DBN)

______________

Layoffs:

136 job cuts in proposed Vineland school district budget
(DBN)

Goldman Sachs is cutting about 5% of sales and trading staff after senior equities leaders delivered a tough town hall talk
(DBN)

Austin: More than 150 to be laid off at Yodle
(DBN)

______________

Trucking:

19,000 truck drivers just scored up to $100 million from one of America's biggest trucking companies — and it's the latest federal-court win by truckers for better labor practices
(DBN)

New England Motor Freight Increases Severance Packages for Employees
(DBN)

______________

Politics:

Trump hints it would be 'very bad' for Democrats if his supporters among the military, police, bikers get 'tough' Trump: I Have The Police, The Military, and The Trump Bikers A Threat of Violence Against the Critics
(DBN)

Sanders' nonprofit suspends operations amid scrutiny for lack of transparency
(DBN)

Tucker Carlson scraps studio plans near vacation home, cites 'violation of privacy' A 24-year-old on the nightshift unearthed the Tucker Carlson tapes that have engulfed the Fox News host Advertisers ditch Tucker Carlson’s, Jeanine Pirro’s Fox News shows as protesters urge companies to join them Fox News courts advertisers after brands flee Tucker Carlson and Laura Ingraham
(DBN)

Fact-checking Club for Growth's attack ad about Beto O'Rourke Beto Wants to Be Obama—But Came Off Like Trump O'Rourke: Voters May Not Want White Male President Beto O'Rourke Says Time to Make Pot Legal and 'Not Cool' in US Trump Mocks Beto O’Rourke’s Hand Movements: ‘Is He Crazy or Is That the Way He Acts?’ How Artemis the ‘sad dog’ stole the show from 2020 candidate
(DBN)

Trump FactCheck: Jews are leaving the Democratic Party One in Six U.S. Jews Identify as Republican
(DBN)

Trump was reportedly annoyed by a trio of Republican senators who interrupted his dinner to discuss the national emergency declaration
(DBN)

Trump's defense chief rules out "cost plus 50" demand of allies
(DBN)

Wilbur Ross insists citizenship census question isn't politically motivated
(DBN)

Majority of Floridians Won’t Vote Trump in 2020: Poll
(DBN)

Trump Job Approval Falters After a Month of Higher Ratings
(DBN)

Voters Expel Mayor and Re-Elect Him on the Same Ballot
(DBN)

______________

Autos:

VW Boss Sorry for that Nazi Gaffe
(DBN)

______________

Religion:

Polish church admits clergy abused hundreds of children
(DBN)

14 Abusive Priests Found in Georgetown’s Past, Present
(DBN)

Will: The Catholic Church's global crime wave
(DBN)

As Jesuits Report Abusers, Experts Doubt Completeness
(DBN)

Cardinal Pell gets 6 years imprisonment for assault
(DBN)

______________


Economy:

Weekly Initial Unemployment Claims increased to 229,000
(DBN)

China Overtakes US in Global Leadership Poll
(DBN)

Few Americans see savings from Trump's tax reform: Reuters/Ipsos poll
(DBN)

Warren's Tech Assault Propels Fringe Antitrust View to Spotlight
(DBN)

Trump Is Actually Making the Trade Deficit Bigger Gary Cohn, former economic adviser to Donald Trump, says US is ‘desperate’ to sign trade agreement with China Tariffs ‘Hurt the Economy,’ Gary Cohn Says The Absurdity of America's Trade Wars
(DBN)

Gary Cohn Goes On A Podcast To Confirm That His White House Experience Was Exactly What We Thought It Was
(DBN)

Huge Social Security Cut in Trump Budget
(DBN)

How $1 trillion of debt will drag down an entire generation
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

New Home Sales decreased to 607,000 Annual Rate in January A few Comments on January New Home Sales
(DBN)

Millennials are so buried in debt they can't buy into American Dream of owning a home
(DBN)

A 20-Year View of Commercial Real Estate Finance - No More Cramdowns?
(DBN)

In Unusual Move, East Village Landlord Attempts To Evict Tenants Through Bankruptcy Filing
(DBN)

Zillow: Rent growth hits a 10-month high in February
(DBN)

Developer behind Tribeca hotel says Ponte family forced partnership into bankruptcy
(DBN)

____________

Municipalities:

Congressional delegation to examine Puerto Rico disaster recovery, Promesa austerity measures
(DBN)

Puerto Rico's number-crunching frustrates even the best minds
(DBN)

Governor expects Puerto Rico to stalemate federal budget debate
(DBN)

GAO study of Puerto Rico hurricane recovery finds concerns over FEMA guidance, disbursements
(DBN)

Puerto Rico electric utility pays off $300 million loaned by local government
(DBN)

In Salinas, Puerto Rico, Vulnerable Americans Are Still Trapped in the Ruins Left by Hurricane Maria
(DBN)

NYC at risk for bankruptcy?
(DBN)

______________

Oil/Gas:

OPEC Threatens to Kill US Shale
(DBN)

Is Fossil Fuel Running on Empty? The Implications of Climate Change Mitigation
(DBN)

______________

Accounting:

Asia Gets Tougher on Auditors After High-Profile Defaults
(DBN)

______________

Aviation:

PHI, Inc. Takes Action to Address Maturing Debt, Files Ch. 11 In ND TX PHI enters Chapter 11 bankruptcy protection PHI, Principal U.S. Entities File For Voluntary Chapter 11 Protection First Day Dec
(DBN)

Boeing’s legal troubles over airplane grounding could just be taking off
(DBN)

With 'Soul of the Company Now at Stake,' What Can Boeing's Legal Department Do?
(DBN)

Boeing's Suppliers Wait for Answers, Too
(DBN)

Boeing pauses 737 MAX deliveries in wake of deadly crashes
(DBN)

MAX grounding could cost global industry $10 m a day
(DBN)

Air Canada suspends 2019 financial guidance over Boeing 737 Max grounding
(DBN)

U.S. lawmakers say Boeing 737 MAX 8 grounded for at least 'weeks'
(DBN)

More Clues Found in Ethiopian 737 Crash
(DBN)

Boeing Has More Problems Than Just 737 Max
(DBN)

Here’s what Wall Street hopes for Boeing in the wake of the 737 Max grounding
(DBN)

Airplane Grounding Tests Boeing's Influence In Washington
(DBN)

At tense meeting with Boeing executives, pilots fumed about being left in dark on plane software
(DBN)

Trump Privately Said Boeing 737s 'Sucked': Report
(DBN)

How the Bizarre Economics of Airplanes Raises the Stakes of the Boeing Fallout
(DBN)

______________

Fraud:

Current Stanford Students File Class-Action Because Scammers ‘Devalued’ Their Degree Admissions scandal class action is ‘fascinating’ but likely doomed - experts Stanford Student Dropped From College Bribery Case Students target colleges in lawsuit over bribery scheme U.S. college admissions scandal sparks $500 billion lawsuit USC, UCLA, Others Hit With First Admissions Scandal Lawsuit Latham Attorney Reps Lori Loughlin in College Bribery Scandal Tax Implications Of The College Admissions Scandal University of Texas Legal Chief Takes On Review of Admissions Cheating Scandal Universities Aren't the Victims in this Scandal Phil Mickelson hired tutor in college admissions scandal for his children Lori Loughlin and Felicity Huffman's courtroom sketches are talk of internet Hercules Capital CEO Steps Down After Charge in College Admissions Scheme Several coaches tied to the college admissions scam have been fired or placed on leave — here's what they are accused of doing The College Admissions Scandal Plays Into These Two Trends Joke’s on Them: Bribing Your Way Into Yale Is a Waste of Money Are elite colleges really a ‘golden ticket’ to a successful life? Hallmark Channel Cuts Ties With Lori Loughlin Amid College Admissions Scandal TPG Capital's Bill McGlashan fired following college cheating scandal Why the College Scandal Touched a Nonpartisan Nerve TX Gov Calls for College Admissions Review They Bribed College Coaches. I Collected Cans for Cash "Lawnmower" Parents and the College Admissions Scandal Son defends parents caught in college admissions scandal while smoking blunt Will children at center of college admissions scandal pay a price along with their parents? $2 Billion "College Counseling" Industry on the Defensive Poster Child For College Cheating Scandal
(DBN)

The 'Money Doctor' Charged In $19.6 Million Ponzi Scheme
(DBN)

100 hours of leaked footage, a bouncy house, and MC Hammer: How HBO's documentary on disgraced blood-testing company Theranos came together
(DBN)

______________

Pharma:

Summit County Opioid Lawsuit Could Be Affected By Pharmaceutical Company Filing Bankruptcy
(DBN)

Part of Trump's drug pricing plan is already happening
(DBN)

Government officials put opioid defendants in a squeeze over confidentiality
(DBN)

______________

Electricity:

Who Deserves PG&E's Assets? Fire Victims Face a New Ordeal
(DBN)

FERC Using Power Deal Spat To Alter Bankruptcy Law: PG&E
(DBN)

Judge Sides with PG&E over FERC in PPA Dispute
(DBN)

PG&E investors too optimistic about wildfire liability fix, Morgan Stanley says
(DBN)

Will PG&E Get Help From California? Don’t Count On It.
(DBN)

PG&E Saga Shows Calif. Utility Model Untenable, Execs Say
(DBN)

Report: Ex-CEO of Progress Energy, Duke appears headed to troubled PG&E
(DBN)

Bankrupt FirstEnergy nuclear unit settles fight over uranium supply deal
(DBN)w

______________

Retailing:

Retailer Pier 1 taps debt restructuring lawyers -sources
(DBN)

The running list of 2019 bankruptcy victims
(DBN)

'Old Sears' sues 'new Sears'
(DBN)

The Downfall of Sears, Told From the Inside
(DBN)

Samuels Jewelers seeks liquidation
(DBN)

______________

Non-Profits:

Detroit: Amid financial 'crisis,' Ferndale LGBT center Affirmations turns to familiar face
(DBN)

______________

Coal:

A Future Without Fossil Fuels?
(DBN)

______________

Celebs:

R. Kelly Loses Bid to Reduce Child Support Payments
(DBN)

From Bankruptcy to Prison: A Timeline of Teresa and Joe Giudice's Legal Troubles
(DBN)

______________

Lehman:

HMRC wins battle to tax Lehman Brothers interest payments
(DBN)

______________

 


New Bankruptcy Opinions
(9 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN)

Recent Ch. 11 Filings (24 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (32 new filings today)
(DBN)

Bankruptcy Code (html) - Bankruptcy Code (pdf) Prior BK Codes (pick year from list) - Bankruptcy Rules
(large downloads)

UCLA-LoPucki Bankruptcy Research Database
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Jobs:

(1) (2) (3) (4) (5) (6) (7) (8)
(DBN)

Seminars - (Contact us to list your seminar)

______________

Appeals:

How to Sabotage an Appeal in Six Easy Steps
(DBN)

______________

Immunity:

Federal Appeals Court Affirms Tribal Immunity from Bankruptcy Code
(DBN)

______________

Consumer Debt:

Ending Perpetual Debts
(DBN)

______________

Avoidance Actions:

Border Wall Won'

t Block International Reach of Bankruptcy Avoidance Powers
(DBN)

______________

Litigation:

Sensible Disclosure Rule for Litigation Finance Is Right Balance
(DBN)

The Law Firm Disrupted: A More Transparent Look at the Litigation Finance Business
(DBN)

______________

Means Testing:

Updated Census Bureau Median Family Income Data
(DBN)

______________

Tax:

The Problem of Pass-Through Tax Liability from Liquidation of a Family Business — A Chapter 11 Solution?
(DBN)

______________

Corporate Reform:

Consumer protection wanes under Trump, reports find
(DBN)

Senators Seek Stronger SEC Clawbacks In Financial Crimes
(DBN)

______________

Guns:

Gun Industry Dealt Blow as Conn. High Court Allows Suit by Sandy Hook Victims
(DBN)

______________

Food/Beverage:

CTI Foods Obtains Interim Approval for $142.5MM in DIP Financing
(DBN)

______________

Distressed Investing:

Brookfield's 'yin and yang' deal with Oaktree
(DBN)

______________

Mining:

Florida mining company files Chapter 11, could sell land
(DBN)

______________

Crypto:

Mt. Gox’s Mark Karpeles Found Guilty Over Data Manipulation in Tokyo Court Mt Gox Bitcoin exchange’s Karpeles avoids jail time in Japan
(DBN)

______________

Magazines:

This Publisher Thought Ecommerce Was Its Savior. Now It’s Dead.
(DBN)

______________

Autos:

Elon Musk just unveiled Tesla's newest car, the Model Y SUV Why Tesla desperately needs the new Model Y Will The Model Y Bankrupt Tesla?
(DBN)

SEC charges Volkswagen and its former CEO with defrauding investors
(DBN)

Moody's Downgrades Auto Industry Outlook
(DBN)

______________

Banking:

Wells Fargo CEO Tim Sloan lands $2 million bonus day after congressional beatdown
(DBN)

______________

Mass Torts:

Johnson & Johnson Hit With $29 Million Verdict In Mesothelioma Case
(DBN)

One Year Later, FIU Bridge Collapse Survivors Recall the Tragedy
(DBN)

______________

UK:

MPs vote to delay Brexit by at least 3 months Brexit heads for delay as May battles to revive her dying deal Between Brexit and a hard place Brexit Delayed: What Just Happened?
(DBN)

Freeths adds to restructuring and insolvency team
(DBN)

HMRC wins £1bn Lehman Brothers battle
(DBN)

Shell chief's pay doubles to 143 times average UK employee's Shell defends 126% rise in chief executive's pay awards
(DBN)

Construction company Dawnus 'in administration'
(DBN)

Debenhams to 'carefully consider' Ashley loan offer
(DBN)

The Insolvency (EU Exit) (Scotland) (Amendment) Regulations 2019
(DBN)

______________

EU:

Europe reaches for a new normal on NPLs
(DBN)

______________

Canada:

British American Tobacco gets court protection from creditors
(DBN)

Canadian housing slump deepens with first drop in values in decades
(DBN)

______________

South Africa:

Savers hit by bankruptcy of VBS
(DBN)

______________

Vietnam:

Rice firms face bankruptcy amid trade difficulties
(DBN)

______________

Australia:

Deloitte and KPMG make risk and insolvency acquisitions in Australia
(DBN)

______________

India:

Etihad unlikely to get on board with Jet Airways bailout plan
(DBN)

Bailout package for debt-ridden BSNL: Keeping Air India and public sector telecom firm afloat at all costs is a monumental blunder
(DBN)

King of Indian bond sales warns of the biggest crisis since Lehman
(DBN)

______________

New Zealand:

At least 49 people killed in mass shootings at 2 mosques in Christchurch Mass shootings at New Zealand mosques kill 49; 1 man charged Mosque shooting erodes New Zealand reputation for safety, tolerance 'Revenge On Invaders ' Live-streamed
(DBN)

______________

China:

Secret Deals on China Distressed Debt Start to Unfreeze Trading
(DBN)

______________

Venezuela:

Venezuela’s electricity crisis could trigger ‘serious disruption’ to the oil market, IEA warns
(DBN)

______________

Netherlands:

Judicial Reorganisation through a Business Transfer under Pressure
(DBN)

______________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the most recent edition of The Daily Bankruptcy News on the web at BKInformation.com.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $66.50/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can phone or text us at 281-402-3957. You can email us at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2019